-79%

est. 2Y upside i

FinTechSeries B

Pinwheel helps banks win primacy with user-centric solutions that deepen relationships and grow lifetime value. Pinwheel's market leading digital deposit switch solution, used by the world's leading financial institutions, delivers 2x better conversion than the industry standard, greater security, and first-of-its kind share of wallet insights to power customer engagement programs to new heights.

Rank

#3579

Sector

Fintech

Est. Liquidity

~5Y

Data Quality

Data: Low

Pinwheel's equity carries significant downside risk.

Last updated: July 19, 2026

Bull (20%)-63%

If growth continues at 60% and exit multiple reaches 8x (driven by IPO rumors), projected exit value $231M, net of 20% dilution yields -63% return.

Base (50%)-82%

With 60% growth decaying and exit multiple converging to public comps of 4x, projected exit $116M, net of dilution yields -81.5%.

Bear (30%)-86%

Under slower growth and multiple compression to 3x, projected exit $87M, net of dilution yields -86.1%, common stock nearly worthless.

Est. time to liquidity~4.5 years

Preference Stack Risk

moderate

Funding Intensity

15%

Total funding $77M vs valuation $500M (15.4% ratio), but bear case exit values exceed preference, so common stock may recover.

Dilution Risk

high

Last round in 2022; no recent funding, so a dilutive raise is likely within 24 months, cutting ownership by 15-25%.

Secondary Liquidity

none

No secondary market activity reported; employees likely have no liquidity until exit.

View all 2 open roles at Pinwheel →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Pinwheel's data — designed to show you've done your homework.

  • 1

    “How does Pinwheel's revenue growth trajectory compare to its public fintech peers, and what drives sustainable growth?”

  • 2

    “What is the company's plan to achieve profitability and reduce reliance on external funding?”

  • 3

    “Given the staleness of the valuation, what liquidity events are being considered for early employees?”

Community

Valuation Sentiment

Our model estimates -79% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.